Tag Archives: markets

USFDA successfully inspects Alembic’s JV facility Aleor Derma

VADODARA (BARODA) | MUMBAI | RAJKOT – In a press release submitted to the Exchanges in India on Monday, in wee hours before the trading session kicked-off on the Indian Bourses, Alembic Pharmaceuticals Ltd said of Aleor Dermaceuticals Ltd’s facility, getting successfully inspected by USFDA. Aleor Dermaceuticals Ltd. (Aleor), a 60:40 Joint Venture between Alembic

Reliance Infra’s Credit Profile improves, CRISIL withdraws ‘D’ ratings for 710 cr NCDs

MUMBAI | RAJKOT – Anil Dhirubhai Ambani Group led Reliance Infrastructure Ltd’s credit profile is reported to have improving, as the rating agency CRISIL has withdrawn ‘D’ ratings assigned to the company’s 7.1 billion rupee Non-Convertible Debentures, the company press release submitted to the exchanges in India said. Crisil has withdrawn its ‘D’ ratings for

GNFC warns against “unauthorized suspicious” investor communication

BHARUCH | MUMBAI | RAJKOT – In a company statement submitted to the Indian Bourses on Tuesday, August 21, 2018 Bharuch headquartered Gujarat Narmada Valley Fertilizers & Chemicals has warned the investors to stay away from Bangaluru based advertisement making rounds to buy GNFC shares in physical mode priced at 315 rupees per share. It

Change in leadership at the two Fertilizer PSUs of Gujarat Government

BHARUCH | VADODARA (BARODA) | MUMBAI | RAJKOT – Change in leadership at the two fertilizers public sector undertakings owned by Gujarat Government was reported today, Sujit Gulati replaced A M Tiwari as Managing Director at Gujarat State Fertilizers & Chemicals Ltd and M S Dagur replaced Dr Rajiv Kumar Gupta as Managing Director at

GNFC’s gas leak hit Dahej facility re-starts, achieves normal production

BHARUCH | MUMBAI | RAJKOT – Gujarat Narmada Valley Fertilizers & Chemicals Ltd The plant has been started after fixing the technical issues with full safety precautions and normal production has been achieved today at 07.00 hrs IST (Indian Standard Time, which is five hours thirty minutes ahead of GMT), the company response to the

Gujarat Fluro gives 1-bln-rupee bank guarantee for a stepdown subsidiary

VADODARA (BARODA) | MUMBAI | RAJKOT – Vadodara headquartered Gujarat Fluorochemicals Ltd has given unconditional irrevocable corporate guarantee to Yes Bank Ltd for the term-loan of 1 billion rupees (~ 100 crore Indian Rupees) sanctioned by the bank to Inox Wind Infrastructure Services Ltd, step down subsidiary of the company, Gujarat Fluoro regulatory filing to

Manpasand Beverages shares freefall, Stock 50% down

MANPASAND BEVERAGES’s AUDITORS RESIGN BOARD MEETING CANCELLED STOCK NOSEDIVES, DOWN 19% ON MONDAY, 19.99% ON TUESDAY, 10% ON WEDNESDAY COMPANY IN DAMAGE CONTROL MODE STATUTORY AUDITORS DIFFER FROM COMPANY’S VERSION  REGULATORS TO PROBE THE MATTER MINISTRY OF CORPORATE AFFAIRSS & SEBI EXPECTED TO TAKE ACTION REGULATORS NOT RULING OUT POSSIBILITY OF POSSIBLE CORPORATE GOVERNANCE ISSUES

Torrent Pharma redeems 3 billion rupees

AHMEDABAD | MUMBAI | RAJKOT – Ahmedabad headquartered Torrent Pharmaceuticals Ltd has redeemed commercial papers valued worth 3 billion rupees (300 crore rupees) and repaid the money, the company said in a statement issued to Exchanges in India. Company had issued commercial papers for six months time – on 24th November 2017 bearing maturity date

EXCLUSIVE FIRST NEWS BREAK ON DATELINE GUJARAT : Arvind Ltd inks pact with Italian co to manufacture ‘Smart’ Jeans

  LOMAZZO (ITALY) | AHMEDABAD | RAJKOT (INDIA) – Directa Plus plc, a leading producer and supplier of graphene-based products for use in consumer and industrial markets, has entered into an exclusive collaboration agreement with Lalbhai Family owned Ahmedabad headquartered Arvind Ltd, India’s leading textile-to-retail-and-brands conglomerate, to infuse the high-performance benefits of Directa Plus’ G+

TGB’s Independent Director Balveermal Singhvi resigns on personal health grounds

AHMEDABAD | MUMBAI | RAJKOT – Somani family owned and Ahmedabad headquartered TGB Banquets and Hotels Ltd’s Independent Director Balveermal Singhvi has resigned from the company, the filing to the Exchanges in India today, said. Singhvi citing personal health issues, due to unavoidable circumstances is not in position to continue in position of Independent Director,

Mumbai’s 70 billion rupee Versova-Bandra Sea Link project goes to ADAG Reliance Infra-Astaldi (Italy) JV

MUMBAI | RAJKOT – (Anil Dhirubhai Ambani Group led) Reliance Infrastructure Limited and Astaldi S.p.A (Italy) in joint venture have bagged the 70-billion-rupee engineering, procurement and construction (EPC) contract for the prestigious Versova-Bandra Sea Link Project in Mumbai, the company filing to the exchanges in India, said. The letter of award (LoA) for the project

Pallavi S Shroff, Independent Director – resigns from Gujarat Alkalies Board

Mrs Pallavi S Shroff, standing wearing orange saree with a Shadrul Amarchand Mangaldas standie backdrop

VADODARA | MUMBAI | RAJKOT – Pallavi S Shroff, independent director on Gujarat Alkalies and Chemicals Ltd has resigned with effect from May 5, 2018 – Saturday and ceased to remain an independent director, the company filing to the exchanges in India said. Mrs Pallavi S Shroff, is a Managing Partner of M/s. Shardul Amarchand

Cera Sanitaryware Q4 PAT dips 6% (YoY), co outlays 1-bln-rupee CAPEX for FY2018-19

KADI | MUMBAI | RAJKOT – Despite of marginal growth in topline, Cera Sanitaryware Ltd’s bottomline for fourth quarter of fiscal year 2017-18 dipped 6% year-on-year and for Jan-Mar company reported 306.07 million rupees net profit as against 326.39 million rupees for the same quarter during last fiscal year. Significant rise in expenditure, dip in

Gruh Finance Q3 profits up 19% YoY at 973.50 mn INR

AHMEDABAD | MUMBAI | RAJKOT – Uptick in topline for quarter ended on December 31 has pumped the bottomline of  Gruh Finance Ltd – subsidiary company of HDFC Ltd, net sales of the company grew 18% year-on-year (YoY) at 3.81 billion rupees from 3.24 billion rupees, resulting 19% growth in net profit of the company